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For our Country, in these days, to go to war is a very This is my hallmark Christmas movie watching shirt Snoopy shirt event. In former times, for other nations, it meant not so much; the provocation needed not to involve such high and general interests. To be on the warpath, to plunder and be plundered, to kill and be killed is with the barbarian the usual thing. Of our own Teutonic ancestors this was true less, much less, than ten centuries ago; and it is very slow indeed that we have outgrown their barbaric, warlike propensity.

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Half an hour from the This is my hallmark Christmas movie watching shirt Snoopy shirt found me on the edge of the open water, and, as if to endorse my undertaking, day began to break. That sunrise! Opposite me the rough outlines of the Ugucno Mountains, rising several thousand feet, lost their shadows one by one, and far to the right towered Mt. Kilimanjaro, nearly four miles high, its snowy rounded top roseate with the soft light of dawn.

The USD is what I’d call the stress barometer of the This is my hallmark Christmas movie watching shirt Snoopy shirt, and a breakout to the upside is indicative of the stress in the system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign we’ve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Wood’s ARKK. Well, the truth is, the companies whose stocks have overrun have gotten so large in market cap that it’d take them years for them to grow into their respective valuations, so either these companies grow at a much faster pace, which is unlikely, to “catch up” to their stock prices, or their stock prices will have to come down to Earth
